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This volume presents an international comparison of different types of capital from nine major industrialized countries and provides a detailed and quantitative account of tax policies for each respective country.

A study of information technology and economic growth since 1995 that tracks the American growth resurgence to its sources within individual industries.

These two volumes present empirical studies that have permanently altered professional debates over investment and productivity as sources of postwar economic growth in industrialized countries. The distinctive feature of investment is that returns can be internalized by the investor. The most straightforward application of this idea is to investments that create property rights, but these volumes broaden the meaning of capital formation to in...

Excerpt from Nonlinear Three Stage Least Squares Pooling of Cross Section and Average Time Series Data The purpose of this paper is to discuss the estimation of exact aggregation models by the nonlinear three stage least squares method (nlbsls) of Amemiya Gallant Gallant and Jorgenson Jorgenson and Laffont (1974) and others. In exact aggregation models there is a unique correspondence between individual behavior and aggregate behavior. This p...

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